BlackRock Inc.’s first-quarter profit declined as the world’s biggest money manager faces heightened competition and the after-affects of a late 2018 market rout. The New York firm posted quarterly profit of $1.05 billion, or $6.61 a share, down from $1.09 billion, or $6.68 a share, a year earlier. Analysts polled by FactSet were expecting a profit of $6.04 a share.

Source: Wall Street Journal April 16, 2019 10:50 UTC